Woodside Petroleum Ltd|  Remuneration Report 91
Statutory tables
Table 11 - Compensation of executive KMP for the year ended 31 December 2018 and 2017
Fixed Annual Reward Variable Annual Reward
Short-term Post Cash Share based
payments
Salaries,
fees and
allowances
Benefits
and
allowances
(including
non-
monetary)1
Company
contributions to
superannuation
Cash2Share plans3
Long
service
leave
Termination
benefits Total remuneration4Performance
related5
$ $ $ $ $ $ $ $ A$ %
P Coleman
Chief Executive Ocer 2018 1,964,585 44,260 15,149 612,113 3,755,729 147,126 - 6,538,962 8,807,377 67
2017 1,893,748 51,310 15,197 1,875,061 3,994,496 84,293 - 7,914,105 10,266,600 74
M Abbott
Senior Vice President
Corporate and Legal
2018 430,015 17,060 14,569 100,721 322,263 25,153 - 909,781 1,226,641 46
2017 349,823 17,049 92,801 234,046 270,277 19,760 - 983,756 1,281,013 51
S Duhe
Executive Vice President
and Chief Financial
Ocer,
2018 628,922 35,984 7,544 144,976 279,663 15,482 - 1,112,571 1,501,811 38
2017 197,922 78,528 - 21,809 9,186 1,238 - 308,683 402,986 10
R Edwardes,
Executive Vice President
Development
2018 790,884 27,563 15,149 170,422 951,554 41,206 - 1,996,778 2,688,150 56
2017 807,124 17,532 15,197 333,532 688,578 28,686 - 1,890,649 2,456,444 54
S Gregory
Senior Vice President and
Chief Technology Ocer
2018 532,588 19,062 15,149 123,403 393,253 121,145 - 1,204,600 1,623,340 43
2017 444,512 17,003 15,197 239,529 339,217 23,788 - 1,079,246 1,409,030 54
P Loader
Executive Vice President
Global Exploration7, 9, 10
2018 360,299 7,102 - 15,063 349,044 (88,098) 21,012 664,422 853,388 55
2017 681,242 41,783 - 256,787 681,840 21,031 - 1,682,683 2,186,728 56
R Matisons
Executive Vice President
Marketing, Trading and
Shipping
2018 469,000 19,746 12,977 108,688 357,139 17,299 - 984,849 1,327,826 47
2017 385,171 23,336 79,248 184,074 323,310 20,692 - 1,015,831 1,325,726 50
M O'Neill
Executive Vice President
and Chief Operations
Ocer7, 11
2018 846,751 129,600 11,531 139,948 1,407,427 15,666 - 2,550,923 3,497,641 61
2017 - - - - - - - - - -
M Utsler
Executive Vice President
and Chief Operations
Ocer7, 12, 13
2018 873,307 13,869 - 48,103 829,668 (116,234) 153,035 1,801,748 2,352,842 49
2017 1,026,372 22,006 - 475,262 828,789 30,656 2,383,085 3,094,964 55
1. Reflects the value of allowances and non-monetary benefits (including relocation, travel, health insurance, car parking and any associated fringe benefit tax).
2. The amount represents the cash earned in the respective year, which is actually paid in the following year. Amounts were translated to USD using closing spot rate on 31 December 2018.
3. ‘Share plan’ incorporates all equity based plans. In accordance with the requirements of AASB 2 Share-based Payment, the fair value of rights as at their date of grant has been determined by
applying the Black-Scholes option pricing technique or applying the binomial valuation method combined with a Monte Carlo simulation. The fair value of rights is amortised over the vesting
period from the commencement of the service period, such that ‘total remuneration’ includes a portion of the fair value of unvested equity compensation during the year. The portion of the
expense relating to the 2018 EIS has been measured using estimated fair values as disclosed in footnotes 2 and 3 in Table 6a. The amount included as remuneration is not related to or indicative
of the benefit (if any) that individual executives may ultimately realise should these equity instruments vest.
4. The total remuneration in AUD is converted from USD using exchange rates on the date of each transaction. This non-IFRS information is included for the purposes of showing the total annual
cost of benefits to the company in Australian dollars for the service period.
5. Performance related outcomes are calculated using the USD total remuneration figure.
6. Ms Duhe commenced with Woodside on 1 December 2017.
7. As non-residents for Australian tax purposes Ms Duhe, Mr Loader, Ms O'Neill and Mr Utsler have elected to receive a cash payment in lieu of all superannuation contributions, in accordance with
the Superannuation Guarantee (Administration) Act 1992. The cash payment is subject to (PAYG) income tax and paid as part of their normal monthly salary. The amount is included in salaries,
fees and allowances.
8. Mr Edwardes' 2015, 2016, 2017 and 2018 share based payment amortisation expenses have been accelerated based on his contract end date of 31 December 2019.
9. Mr Loader's 2014, 2015, 2016, 2017 and 2018 share based payment amortisation expenses have been accelerated based on his contract end date of 30 June 2018.
10. Mr Loader ceased being executive KMP on 28 February 2018 and ceased employment 30 June 2018. Includes $306,774 of salaries, fees and allowances received by Mr Loader for the period of
1 March 2018 to 30 June 2018 whilst he was on gardening leave.
11. Ms O'Neill commenced with Woodside on 1 May 2018.
12. Mr Utsler's 2014, 2015, 2016, 2017 and 2018 share based payment amortisation expenses have been accelerated based on his contract end date of 1 November 2018.
13. Mr Utsler ceased being executive KMP on 27 April 2018 and ceased employment on 1 November 2018. Includes $688,104 of salaries, fees and allowances received by Mr Utsler for the period of
28 April 2018 to 1 November 2018 whilst he was on gardening leave.